Auto Industry
Reuters
Oct 30, 2021, 2:51 PM
The company said in a term sheet when the deal launched it would use the funds to increase its working capital, pay down debt and invest in research and development.
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Reuters | Oct 30, 2021Chinese Electric Vehicle Maker BYD Launches $1.8 Billion Capital Raising: ReportChinese electric vehicle company BYD Co is raising up to $1.8 billion in a capital raising launched on Friday, a term sheet seen by Reuters showed.1 min read
car&bike Team | Oct 30, 2021Remodelling Of Hofu Plant Enhances Mazdas Flexible ProductionThe heart of the remodelled assembly is a traverse dolly line. The system relies on "rootless" equipment, meaning that the plant does not use fixed conveyor belts or hangers1 min read
car&bike Team | Oct 30, 2021Volvo Cars Celebrates First Day Of Trading On Nasdaq StockholmThe initial public offering attracted strong interest from institutional investors in Sweden and abroad as well as from the general public in the Nordics.1 min read
Ameya Naik | Oct 30, 2021Volvo Car Group Takes Ownership Of Luqiao Plant From Geely HoldingThe manufacturing plant, which has been owned by Geely Holding with operational support by Volvo Cars since its inauguration in 2017, will continue to produce the Volvo XC40, the fully electric XC40 Recharge and Polestar 2 models.1 min read
Reuters | Oct 29, 2021Volkswagen Gets Reality Check After Tesla's Week Of MilestonesTesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing.1 min read
car&bike Team | Oct 29, 2021Chip Shortage Leads Carmaker Opel To Shut German Plant Until 2022Production at the Eisenach plant, which makes internal combustion engine and hybrid electric cars, should start again in 2022, although an Opel spokesperson could not specify a date.1 min read
Reuters | Oct 29, 2021VW Labour Boss Wants Faster Electric Car Rollout At WolfsburgUnder its Trinity project, VW has been developing a flagship electric sedan to be built at Wolfsburg from 2026.1 min read
Reuters | Oct 29, 2021Spanish Ride-Hailing App Cabify Bets On Grocery Delivery Amid E-Commerce BoomCabify, which also offers e-scooter hire and electric moped rental, did not provide financial projections for the new venture but said it would help avoid unnecessary trips, cut emissions and allow for a more efficient use of resources.1 min read
